Idfc first bank video kyc

New Delhi: IDFC First Bank has launched video KYC facility so that customers can open savings accounts without the need to visit a branch office. The zero-contact method completely does away with paper work or biometric verification, thereby removing physical interaction between the bank and customer from the know your customer (KYC) process, IDFC First Bank said in a release. Customers can start earning 7 per cent interest and maximise their returns on funds held or invested anywhere else, it added. Indian-American Ajay Banga begins first day at World Bank as new chief Viral: HDFC Bank officer suspended for abusing employees in online meeting "Video KYC makes the online journey for opening savings accounts simple and fast as customers do not have to venture outside their homes or meet anyone from the bank to complete the process," said Amit Kumar, Head – Retail Liabilities, IDFC First Bank. This is especially relevant in the current times given loss of incomes and low returns offered by most other options, Kumar said. The RBI-sanctioned video-based KYC process for opening of online savings account allows customers to open a full-fledged savings account with no limit on maximum account balance. The pandemic has altered the way customers want to interact with their banks as they increasingly rely on digital and mobile channels to transact, the lender said. Updated Date: May 28, 2020 13:05:40 IST • Lord Ram was 'kept in a tent' under previous govt, says Uttar Pradesh CM Yogi...

I recently got a IDFC Wealth card and was impressed with the user experience of IDFC all along. So tried to apply a add-on card for my wife. At the end of the process, IDFC wants to do a Video KYC of my wife as well. Never saw Video KYC requirement for add-on applicant with any other bank before so my overall positive experience with IDFC soured a little. Any other bank required vKYC for Add-on card? actually consider yourself lucky that idfc is giving add-on to your relatives with just their pan and video kyc. all other banks that i know: they either make your relative open an account with them, or ask you to visit branch with photocopy and passport size photo of the addon applicant. this is one of the very few things that i liked about idfc. In your mobile app there should be apply addon card would be there. You have to do Kyc of each application. I guess 3 addon can be generated. You get 500 cashback as joining offer for addon on spending some minimum amount. Lounge access is available and number of visit is shared with primary card holder Off topic - just wondering how do I change IDFC select card to wealth ? At application stage I should have put my highest CC limit instead I went with most used Axis Magnus and was given Select. I have stopped short of going through with Video Kyc and wondering what, if any is the best way to change this app to wealth or apply again. I have tried applying again but it retrieves my old application even when tried with another mobile#

"He impressed upon the banks to quickly implement the measures announced by RBI recently in the right earnest. He also urged the banks to continue focussing on steps to enhance the resilience of their balance sheets," the RBI said in a statement post the meeting held over video conference. 19 May, 2021, 05:35 PM IST PFRDA has now permitted its intermediaries to use of Video-based Customer Identification Process (VCIP), in addition to the existing options, in order to further facilitate onboarding, withdrawals, exit and for processing of other related service requests of NPS Subscribers. 08 Oct, 2020, 02:01 PM IST Most Searched Stocks 570.30 04:02 PM | 14 Jun 2023 8.10 (1.44%) 444.50 04:02 PM | 14 Jun 2023 -0.90 (-0.20%) 265.25 04:02 PM | 14 Jun 2023 -2.55 (-0.95%) 1300.40 04:02 PM | 14 Jun 2023 -4.45 (-0.34%) 2551.85 04:02 PM | 14 Jun 2023 31.00 (1.23%) 3251.05 04:02 PM | 14 Jun 2023 7.35 (0.23%) 113.80 04:02 PM | 14 Jun 2023 2.65 (2.38%) 16.20 04:02 PM | 14 Jun 2023 -0.20 (-1.22%) 1601.75 04:02 PM | 14 Jun 2023 -1.75 (-0.11%) 396.45 04:02 PM | 14 Jun 2023 0.90 (0.23%) Load more..